The East Sakhalin Basin is home to the giant South Kirinskoye gas field and holds the potential for further significant discoveries. It is located in an extremely harsh offshore environment, where multiple challenges present explorers with a unique set of issues. The presence of pack ice means that platforms need to be specially engineered in order to withstand the pressure of the ice for many months at a time. The remoteness of the basin also means that supplies need to be shipped long distances in order to reach any operations and this adds to the costs of exploration and development. However, despite the high cost environment, we estimate that the basin can create value in the future at our Base price scenario.
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Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
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Asset report | Oct 2015
Russia East Sakhalin exploration basin
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